Investing is the best way to increase your wealth with the least amount of work. Think about it, you put your money in a stock and then leave it alone as it makes you money. There’s nothing easier than that.
How I first started
When I first started to want to invest I singed up for an account with sharebuilder and bought my first stock for $100 and I loved it. It was so easy to start purchasing stock, especially for a broke college student. I just looked up several different stock recommendations and picked one. It turned out a lot better than I thought.
Sharebuilder had great fees, and you were able to buy partial shares so you don’t have to have a million dollars to buy into Google. So it was great to work with and very easy to start trading with the best of them. I highly recommend it to anyone just starting out and with a low budget to get into investing..
Time to advance
As I grew older I wanted to get into more advanced investing. By that, I mean I needed better tools to examine and study different companies to find the best ones to invest in.
I looked at all of the different places to invest on and the best one I found was E trade. It had the best tools and very reasonable fees to go along with it. I recommend you go to E trade buy shares and get your money on.
They have free research and streaming quotes. It’s like you’re on wall st. Plus they have a lot of different investment choices like Stocks, options, futures, forex, and bonds. They even have an app you can use to trade on the go.
Let it ride?
There are different ways to invest. You can buy and hold or trade more often. The downside to trading often, is paying taxes on the profit and the fees. So unless you’re trading with a lot of money I’d recommend buying and holding. It’s the long term money maker. You can use e trades retirement planning calculator to help you out.
If you do decide to become an active trader, you’ll want to look into e trade pro elite. It’s their program for the most active of traders with better commission rates.
So to sum it all up, getting into trading is easy. It’s not as complicated as it looks. If you go through e trade, they have a lot of videos to get you familiar with investing so you’re not so stressed out over it.
Sign up for an account and start learning more. There’s no time like the present to get your future in order.